Halliburton (NYSE: HAL) director adds stock equivalent and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Halliburton director Maurice S. Smith reported a compensation-related equity grant and updated his deferred and restricted stock holdings. On March 30, 2026, he received 827.815 stock equivalent units at a stated price of $0.00 under Halliburton’s Directors' Deferred Compensation Plan. These stock equivalent units convert into common stock on a one-for-one basis and are settled in company shares after his service as a director ends. A portion of the units reflects quarterly dividends and fees, based on closing prices of $38.63 and $39.26 in March 2026, and the plan is described as an ongoing securities acquisition program. Following this grant, Smith directly holds 13,768.454 stock equivalent units, in addition to several series of restricted stock units tied one-for-one to common shares, including 12/2025, 12/2024, 12/2023, and 03/2023 awards with underlying share amounts of 7,517.9400, 6,292.1000, 5,093.0800, and 4,070.4900, respectively. The restricted stock units vest over time, with the referenced award terms stating vesting after one year, and shares are delivered either upon vesting or, if he elected deferral, after his board service concludes.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Smith Maurice S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Equivalent Units | 827.815 | $0.00 | -- |
| holding | 12/2025 Restricted Stock Units | -- | -- | -- |
| holding | 12/2024 Restricted Stock Units | -- | -- | -- |
| holding | 12/2023 Restricted Stock Units | -- | -- | -- |
| holding | 03/2023 Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Stock Equivalent Units — 13,768.454 shares (Direct);
12/2025 Restricted Stock Units — 7,517.94 shares (Direct);
12/2024 Restricted Stock Units — 6,292.1 shares (Direct);
12/2023 Restricted Stock Units — 5,093.08 shares (Direct);
03/2023 Restricted Stock Units — 4,070.49 shares (Direct)
Footnotes (1)
- The security converts to common stock on a one-for-one basis. Stock equivalents acquired under the Halliburton Company Directors' Deferred Compensation Plan reported on a pro-rata basis to reflect Issuer's Plan quarter. Said Plan is an ongoing securities acquisition plan. The stock equivalent units were accrued under the Company's Directors' Deferred Compensation Plan and are settled in the Company's common stock following cessation as a director. A portion of the stock equivalents are attributable to quarterly dividends and a portion are attributable to quarterly fees and are based on the closing price on March 25, 2026 of $38.63 and March 30, 2026 of $39.26. Each restricted stock unit represents a right to receive one share of the Company common stock. The restricted stock units vest in one year on the first anniversary of the award. Shares will be delivered to the reporting person either upon vesting, or if reporting person elected to defer receipt, following cessation as a director. Includes stock equivalent units through March 30, 2026.
Key Figures
Stock equivalent units granted: 827.815 units
Stock equivalent units after grant: 13,768.454 units
Dividend-based price reference: $38.63
+5 more
8 metrics
Stock equivalent units granted
827.815 units
Grant on March 30, 2026 under Directors' Deferred Compensation Plan
Stock equivalent units after grant
13,768.454 units
Total direct stock equivalent units following transaction
Dividend-based price reference
$38.63
Closing price on March 25, 2026 used for a portion of units
Fee-based price reference
$39.26
Closing price on March 30, 2026 used for a portion of units
12/2025 RSU underlying shares
7,517.9400 shares
Direct restricted stock units convertible into common stock
12/2024 RSU underlying shares
6,292.1000 shares
Direct restricted stock units convertible into common stock
12/2023 RSU underlying shares
5,093.0800 shares
Direct restricted stock units convertible into common stock
03/2023 RSU underlying shares
4,070.4900 shares
Direct restricted stock units convertible into common stock
Key Terms
Stock Equivalent Units, Directors' Deferred Compensation Plan, restricted stock unit, vest, +1 more
5 terms
Stock Equivalent Units financial
"A portion of the stock equivalents are attributable to quarterly dividends and a portion are attributable to quarterly fees"
Stock equivalent units are financial claims or instruments that are treated as if they were actual shares for purposes like calculating ownership, dilution, and earnings per share. Think of them as promises or placeholders for future slices of company pie—options, restricted units, or convertible securities—that don’t yet sit on the table but will reduce each existing slice when converted. Investors track them because they change how much of a company each share really represents and can affect valuation and voting power.
Directors' Deferred Compensation Plan financial
"Stock equivalents acquired under the Halliburton Company Directors' Deferred Compensation Plan reported on a pro-rata basis"
restricted stock unit financial
"Each restricted stock unit represents a right to receive one share of the Company common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
vest financial
"The restricted stock units vest in one year on the first anniversary of the award."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settled in the Company's common stock financial
"The stock equivalent units were accrued under the Company's Directors' Deferred Compensation Plan and are settled in the Company's common stock"
FAQ
What did Halliburton (HAL) director Maurice S. Smith report in this Form 4?
He reported receiving 827.815 stock equivalent units as a compensation grant. These units are issued at $0.00 under Halliburton’s Directors' Deferred Compensation Plan and convert one-for-one into common stock, settling in shares after his service as a director ends.
How many Halliburton stock equivalent units does Maurice S. Smith hold after the reported grant?
After the grant, he directly holds 13,768.454 stock equivalent units. These units are part of an ongoing directors’ deferred compensation program and convert one-for-one into Halliburton common stock, with settlement generally following his cessation as a director.
What are stock equivalent units under Halliburton’s Directors' Deferred Compensation Plan?
Stock equivalent units are bookkeeping entries that mirror Halliburton common stock on a one-for-one basis. They accrue under the Directors' Deferred Compensation Plan from fees and dividends, then are settled in actual Halliburton shares after the director’s board service concludes.
How were Maurice S. Smith’s new Halliburton stock equivalent units calculated?
A portion of the new stock equivalents reflects quarterly dividends and quarterly fees. These amounts were based on Halliburton’s closing stock prices of $38.63 and $39.26 on March 25 and March 30, 2026, as noted in the filing’s footnotes.
What restricted stock unit (RSU) positions does Maurice S. Smith report with Halliburton?
He reports several RSU awards tied one-for-one to Halliburton common stock, including 12/2025, 12/2024, 12/2023, and 03/2023 grants. Their underlying common shares total 7,517.9400, 6,292.1000, 5,093.0800, and 4,070.4900, respectively, all held directly.
When do Maurice S. Smith’s Halliburton restricted stock units vest and settle?
The referenced restricted stock units vest in one year on the first anniversary of the award. Shares are delivered either upon vesting or, if he has elected to defer receipt, following his cessation as a Halliburton director.